Softech Inc (SOFT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
650 SUFFOLK STREET LOWELL, MA 01851 |
| State of Incorp. | MA |
| Fiscal Year End | May 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 5/31/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 310 | 1,209 | 1 | |||
| Cash and cash equivalents | 310 | 1,209 | 1 | |||
| Restricted cash and investments | 0 | |||||
| Receivables | 587 | 666 | 1 | |||
| Prepaid expense | 315 | ✕ | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 0 | ||
| Other undisclosed current assets | 243 | 890 | ||||
| Total current assets: | 1,455 | 2,765 | 2 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 57 | 0 | ||||
| Intangible assets, net (including goodwill) | 1,057 | ✕ | 4 | |||
| Goodwill | 948 | 4 | ||||
| Intangible assets, net (excluding goodwill) | 109 | |||||
| Regulated entity, other noncurrent assets | 108 | |||||
| Other undisclosed noncurrent assets | 724 | 1 | ||||
| Total noncurrent assets: | 1,838 | 108 | 5 | |||
| TOTAL ASSETS: | 3,293 | 2,873 | 8 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 420 | 986 | 1 | |||
| Accounts payable | 137 | 483 | 0 | |||
| Accrued liabilities | 283 | 503 | 1 | |||
| Debt | 465 | 992 | 0 | |||
| Other liabilities | 104 | 0 | ||||
| Deferred revenue and credits | 1,732 | 1,462 | ||||
| Other undisclosed current liabilities | 2 | |||||
| Total current liabilities: | 2,617 | 3,544 | 3 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 3 | |||||
| Long-term debt, excluding current maturities | 3 | |||||
| Capital lease obligations | 0 | |||||
| Liabilities, other than long-term debt | 0 | |||||
| Deferred revenue and credits | 0 | |||||
| Other undisclosed noncurrent liabilities | 40 | |||||
| Total noncurrent liabilities: | 40 | 3 | ||||
| Total liabilities: | 2,657 | 3,544 | 6 | |||
| Equity | ||||||
| Equity, attributable to parent | (554) | 858 | 2 | |||
| Common stock | 73 | 83 | 0 | |||
| Additional paid in capital | 27,056 | 27,338 | 27 | |||
| Accumulated other comprehensive loss | (283) | (482) | (0) | |||
| Accumulated deficit | (27,400) | (26,081) | (25) | |||
| Other undisclosed equity | 1,190 | 0 | ||||
| Total equity: | 636 | 858 | 2 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,293 | 4,402 | 8 | |||
Income Statement (P&L) ($ in thousands)
| 5/31/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|---|
| Revenues | 3,942 | 5,009 | 6 | ||
| Revenue, net | 3,942 | 6 | |||
| Cost of revenue | (1,690) | (1,567) | (1) | ||
| Cost of goods and services sold | (1,690) | (4,999) | (1) | ||
| Gross profit: | 2,252 | 3,442 | 5 | ||
| Operating expenses | (3,415) | (5,285) | (4) | ||
| Other operating income (expense), net | 114 | ||||
| Other expenses | |||||
| Other undisclosed operating income (loss) | 11 | 1,298 | |||
| Operating income (loss): | (1,038) | (545) | 1 | ||
| Nonoperating income | 199 | 0 | |||
| Gain, foreign currency transaction, before tax | 199 | 0 | |||
| Other nonoperating expense | (0) | ||||
| Interest and debt expense | (165) | (251) | (0) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,004) | (796) | 0 | ||
| Other undisclosed loss from continuing operations before income taxes | (313) | (0) | |||
| Income (loss) from continuing operations before income taxes: | (1,317) | (796) | 0 | ||
| Income tax expense | (2) | (0) | |||
| Income (loss) from continuing operations: | (1,319) | (796) | 0 | ||
| Income (loss) before gain (loss) on sale of properties: | (1,319) | (796) | 0 | ||
| Other undisclosed net income | 48 | ||||
| Net income (loss) attributable to parent: | (1,319) | (748) | 0 | ||
| Other undisclosed net income available to common stockholders, basic | 1,318 | ||||
| Net income (loss) available to common stockholders, diluted: | (1) | (748) | 0 | ||
Comprehensive Income ($ in thousands)
| 5/31/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|---|
| Net income (loss): | (1,319) | (748) | 0 | ||
| Other comprehensive income | 199 | ||||
| Other undisclosed comprehensive income | |||||
| Comprehensive income (loss): | (1,120) | (748) | 0 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 199 | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (58) | 0 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (921) | (806) | 0 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.